Bad kitty for trading at work. If I were your boss, I would take away your computer!
Yes. The reason i trade almost exclusively the EUR/NZD is the movement is double what other pairs offer. For example, it has a daily ATR of over 100, whereas the EUR/USD is usually under 50! It’s volatile, but it does move well, if you know how to get out when it throws a tantrum.
No. i just use it to gauge the movement of the last five bars. I want to know if it has slowed down considerably, or if it is taking off rapidly. Usually, the average of the last five bars will tell me what I need to know.
My stop loss and take profits are set strictly where the nearest major support and resistance zones are. If I only get a scalp profit, that’s okay. If there is room for a swing, even better.